Malaysia: Color Printing Ink Market 2024

Color Printing Ink Market Size in Malaysia

The Malaysian color printing ink market amounted to $X in 2022, approximately reflecting the previous year. Overall, consumption, however, continues to indicate a mild reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Color Printing Ink Production in Malaysia

In value terms, color printing ink production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 42%. Color printing ink production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Color Printing Ink Exports

Exports from Malaysia

In 2022, approx. X tons of color printing ink were exported from Malaysia; remaining constant against 2021. Over the period under review, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 9.1% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, color printing ink exports dropped to $X in 2022. In general, exports recorded a noticeable downturn. The pace of growth was the most pronounced in 2018 with an increase of 16%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X tons), Singapore (X tons) and Cambodia (X tons) were the main destinations of color printing ink exports from Malaysia, with a combined 58% share of total exports. Myanmar, Thailand, Indonesia, Bangladesh, the Philippines, South Korea, India, Ireland, Brazil and the United Arab Emirates lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +19.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for color printing ink exports from Malaysia, comprising 18% of total exports. The second position in the ranking was taken by Singapore ($X), with an 8.6% share of total exports. It was followed by Brazil, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam totaled -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-8.8% per year) and Brazil (+20.7% per year).

Export Prices by Country

In 2022, the average color printing ink export price amounted to $X per ton, dropping by -2.8% against the previous year. Overall, the export price recorded a slight decrease. The growth pace was the most rapid in 2018 when the average export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Color Printing Ink Imports

Imports into Malaysia

In 2022, the amount of color printing ink imported into Malaysia shrank slightly to X tons, with a decrease of -5% on the year before. The total import volume increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 22%. Imports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, color printing ink imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest color printing ink supplier to Malaysia, with a 42% share of total imports. Moreover, color printing ink imports from the United States exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. China (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+12.0% per year) and China (+4.0% per year).

In value terms, the United States ($X), Singapore ($X) and Switzerland ($X) constituted the largest color printing ink suppliers to Malaysia, with a combined 77% share of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +20.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average color printing ink import price stood at $X per ton in 2022, rising by 2.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform